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MarketScreener Homepage  >  Equities  >  Nyse  >  Fitbit, Inc.    FIT

FITBIT, INC.

(FIT)
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FITBIT, INC. : Other Events (form 8-K)

10/28/2020 | 03:06pm EST

Item 8.01. Other Events

On October 26, 2020, the "End Date" under the Agreement and Plan of Merger dated as of November 1, 2019 (the "Merger Agreement") by and among Fitbit, Inc., a Delaware corporation ("Fitbit"), Google LLC, a Delaware limited liability company ("Google"), and Magnoliophyta Inc., a Delaware corporation and a wholly owned subsidiary of Google, was extended to February 1, 2021. Fitbit and Google continue to work toward obtaining required regulatory clearances and consummating the transactions contemplated by the Merger Agreement (the "Transactions").

Forward Looking Statements

This Current Report on Form 8-K contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. All statements other than statements of historical fact could be deemed forward-looking statements, including the ability of Google and Fitbit to obtain the required regulatory clearances and complete the Transactions. A number of important factors and uncertainties could cause actual results or events to differ materially from those described in these forward-looking statements, including the failure to satisfy any of the conditions to the parties' obligations to consummate the Transactions, including the receipt of certain governmental and regulatory approvals.

Additional risks and uncertainties are included under the caption "Risk Factors" in Fitbit's Annual Report on Form 10-K for the full year ended December 31, 2019 and Fitbit's Quarterly Report Form 10-Q for the three months ended July 4, 2020, which are available on Fitbit's Investor Relations website at investor.fitbit.com and on the Securities Exchange Commission website at www.sec.gov. All forward-looking statements contained herein are based on information available to Fitbit as of the date hereof and Fitbit does not assume any obligation to update these statements as a result of new information or future events. Fitbit may not actually achieve the plans, intentions, or expectations disclosed in Fitbit's forward-looking statements and you should not place undue reliance on such statements.

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© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 1 319 M - -
Net income 2020 -174 M - -
Net cash 2020 410 M - -
P/E ratio 2020 -11,2x
Yield 2020 -
Capitalization 1 956 M 1 956 M -
EV / Sales 2020 1,17x
EV / Sales 2021 1,14x
Nbr of Employees 1 764
Free-Float 89,4%
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Technical analysis trends FITBIT, INC.
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Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 5
Average target price 7,35 $
Last Close Price 7,18 $
Spread / Highest target 2,37%
Spread / Average Target 2,37%
Spread / Lowest Target 2,37%
EPS Revisions
Managers
NameTitle
James Park Chairman, President & Chief Executive Officer
Jeffrey P. Devine Executive Vice President-Operations
Dave Quong Executive VP-Business Operations & Strategy
Ronald Wayne Kisling Chief Financial Officer
Eric N. Friedman Director & Chief Technology Officer
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